July 1, 1998
US Government Securities Fund
Supplement to the Prospectus dated February 27, 1998
The following amends all of the sections of the Prospectus discussing the
dealer's commission that may be payable on purchases of $1 million or
more of Class A Shares and the Limited CDSC applicable to redemptions of
those shares:
Beginning July 1, 1998, for initial purchases of Class A
Shares of $1 million or more, a dealer's commission may be paid
by the Distributor to financial advisers through whom such
purchases are made in accordance with the following schedule:
Dealer's Commission
(as a percentage of
Amount of Purchase amount purchased)
Up to $5 million 1.00%
Next $20 million up to $25 million 0.50
Amount over $25 million 0.25
Such Class A Shares are subject to a Limited CDSC of 1% if shares
are redeemed during the first year after purchase and 0.50% if
shares are redeemed during the second year after purchase.
The Limited CDSC will be paid to the Distributor and will be
assessed on an amount equal to the lesser of (1) the net asset
value at the time of purchase of the Class A Shares being
redeemed or (2) the net asset value of such Class A Shares at the
time of redemption.
Redemptions of such Class A Shares held for more than two
years will not be subjected to the Limited CDSC and an exchange
of such Class A Shares into another fund in the Delaware
Investments family will not trigger the imposition of the Limited
CDSC at the time of such exchange. The period a shareholder owns
shares into which Class A Shares are exchanged will count towards
satisfying the two-year holding period. The Limited CDSC is
assessed if such two-year period is not satisfied irrespective of
whether the redemption triggering its payment is of Class A
Shares of the Fund or Class A Shares acquired in the exchange.
The following replaces the section of the Prospectus entitled Statements
and Confirmations under The Delaware Difference:
Statements and Confirmations
You will receive quarterly statements of your account
summarizing all transactions during the period. A confirmation
statement will be sent following all transactions other than
those involving a reinvestment of dividends and those involving
payroll deferrals into SIMPLE IRA accounts. You should examine
statements and confirmations immediately and promptly report any
discrepancy by calling the Shareholder Service Center.
